CRIF News
Systemic Risks | Underwriting Committee
CRIF is providing useful information and articles covering Cyber Risk & Insurance. This article comes from our Underwriting Committee
This article looks at the issues that need bearing in mind when underwriting and we hope it will provide some insight into how cyber insurance risks are underwritten and what good underwriters look for when analysing submissions.
The development of Cyber Insurance
In Boardrooms around the world cyber insurance is an important subject that is gaining in profile and importance.Ace Group Expands European Cyber Risk business
ACE Group today announced the launch of a new, independent cyber risk business unit as it continues to strengthen its local underwriting and risk management capabilities across Continental Europe and build its market leadership in this growing area of emerging risk.
The announcement follows research by ACE which indicates that cyber is a “top three” emerging issue for European risk managers and represents a further evolution of the work of ACE’s global cyber practice, first established in 2014.
The Achilles Heel: What the Board must know about Cyber Risk
Companies of all sizes have recognised the tremendous opportunity the Internet presents for conducting business. But great reward also comes with great risk.
Cyber Risk has now emerged as a high-profile problem; so much so, it has been escalated to third position on the corporate boards risk register.
In the 21st century everyone needs to take cyber risk seriously.
Cyber Security Risk in a Social Media World
The theft of intellectual property from the U.S. is "unprecedented," and costs the nation an estimated $300 billion each year, according to the IP Commission Report, issued in May.
Worse, corporate employees—through their information sharing practices—are making it easy for IP thieves.
Managing Risk in the Cloud - Ace Group White Paper
Cloud computing is a landscape-altering technology that is enjoying increasing rates of adoption — often implemented, however, without taking sufficient risk management precautions. Global Cyber Risk | International Perspectives | Video Series | Overview
Changing data security laws and emerging cyber risks are a truly international phenomenon as can frequently be seen from headlines around the world.
Covering UK, Europe, Ireland, Asia, Mexico, Chile, Brazil, Columbia & New Zealand
PwC sign cyber insurance incident response contract with Beazley
Beazley, the pioneer in breach response insurance, announced today the addition of PwC to the panel of specialist service providers available to Beazley Breach Response (BBR) policyholders. Beazley's BBR clients now have access to one of the world's largest forensic services providers to investigate suspected data breaches and network intrusions and contain the issue as swiftly as possible.
Cyber Insurance - Understanding the Risk
In this video, from Ace Group, Iain Ainslie explains how Cyber Risk is changing and how it now affects most business.
Iain talks on the disruption, liabilities and the expenses associated with a security breach. He argues that Cyber Risk is no longer just an IT issue, but a top line business risk that needs to be managed at board level.
Free Government e-learning course for SME's on Information Security and Risk
Government boosts support for SME business with free Information Assurance e-learning course.
The course has been developed from governments own initiative on information security and the management of related risks across the public sector where over 200,000 people in local and central government have completed the modular course.